IBM (International Business Machines) explodes to the moon after earnings and moving upward. This is great news for the stock that has struggled over the last few years. The stock is coming into some resistance and if it breaks, it could push the stock price higher.
Depending on your investment outlook, you might be a buyer of IBM for the long run and that is the mindset you need to have with this stock. It is a difficult stock to trade for the short-term, but from a long-term perspective the stock is stable. Unfortunately, the growth has not been there, but at least you have avoided the volatility or crazy moves like in some of the other names.
